One in five of UK's top FTSE 350 firms warned over gender diversity
Of the firms warned that they had all-male executive committees, four of them were FTSE 100 firms: Ashtead Group Plc; Fresnillo Plc; Melrose Industries Plc; and Spirax-Sarco Engineering Plc.The review worked alongside the Investment Association which represents major pension funds managing £8tn.
"Diversity results in better decision-making and plays an essential role in a company's long-term success," said Chris Cummings, CEO of the Investment Association.The review's chief executive, Denise Wilson, said:"Despite moving in the right direction, too many companies are not making progress quickly enough.
"If every FTSE 350 company achieved at least 33% women's representation on their board and in senior leadership by the end of 2020, this would be a major milestone. "Increasing the representation of women in leadership and ensuring diversity in the widest sense, is a fundamental foundation to building a truly inclusive culture - where everyone can thrive."Since 2011, two government-backed reviews have focused on boosting women's representation on the boards of UK-listed companies.
which ran from 2011 to 2015, increased the proportion of women serving on FTSE 100 boards from 12% to 25%.At the end of that review,Its successor, the Hampton-Alexander Review, adopted this target - it wants FTSE 350 companies to meet a 33% target by the end of 2020. Unlike countries including France which have introduced quotas, it is voluntary.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTSE 100 suffers biggest one-week drop since financial crisisWell, more than $6 trillion was wiped off global shares during a week-long rout driven by coronavirus fears that left stock markets decimated.
Read more »
Coronavirus: FTSE tumbles as world stock markets are hit by global spread of disease – latest updatesNigeria, New Zealand and Lithuania report first cases as WHO says epidemic could get ‘out of control’. Follow live news
Read more »
Coronavirus: FTSE 100 loses £200bn in worst week for global shares since 2008Investors lick their wounds following a week when stock markets woke up to the potential hazards from the coronavirus crisis.
Read more »
One sugary drink a day in middle age can increase risk of heart attack or strokeJUST one sugary drink a day in middle age can send cholesterol soaring and cause a heart attack or stroke, according to research.
Read more »
Robert Peston dismantles Keir Starmer's Labour leadership bid with ONE simple questionROBERT PESTON pointed out a key flaw in the plans Labour leadership candidate Keir Starmer adopted to ensure he succeeds Jeremy Corbyn to lead the party into the next general election.
Read more »
The One Show: Matt Baker steps in as technical glitch suggests Pussycat Dolls were mimingTHE ONE SHOW hosts Alex Jones and Matt Baker were joined by the Pussycat Dolls this evening as the band opened up on reuniting and going back on the road. However, during their performance, the girls were hit with a technical issue and Matt had to save the day.
Read more »